Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Nike, Inc.’s current trading price is -23.27% away from its 52-week high, while its distance from the 52-week low is 11.37%. The stock’s price range over this period has fluctuated between $88.66 and $128.68. The company, operating within the financial sector, had a trading volume of approximately 7.19 million for the day, which was noticeably lower than the average daily share volume of 9.41 million over the last 3 months.
Nike, Inc. experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $128.68 on 05/01/23, while the lowest price for the same period was registered at $88.66 on 09/28/23.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Nike, Inc. (NKE) has experienced a quarterly decline of -18.41% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 149.61B and boasts a workforce of 83700 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 106.17, with a change in price of -4.07. Similarly, Nike, Inc. recorded 8,792,260 in trading volume during the last 100 days, posting a change of -3.96%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for NKE stands at 0.86. Similarly, the long-term debt-to-equity ratio is also 0.83.
NKE Stock Stochastic Average
Today, Nike, Inc.’s raw stochastic average for the past 50 days stands at 16.20%, indicating a decline from the raw stochastic average of the last 20 days, which was 17.57%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 25.23% and 30.99% respectively.
NKE Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The metric has seen a significant loss of -9.05% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 2.58%. Over the past 30 days, the price of NKE has leaped by -6.89%. And in the last five days, it has fallen by -2.32%.
